Home / Knowledge / News / Apparel/Garments / Hong Kong apparel retail sales inch up 7.6% in Nov'13
Hong Kong apparel retail sales inch up 7.6% in Nov'13
06
Jan '14
Apparel retail sales in Hong Kong showed an increase of 7.6 percent year-on-year in November 2013, according to the statistics released by the Census and Statistics Department (C&SD), Government of Hong Kong Special Administrative Region.
 
The value of overall retail sales, including apparel retail sales, in November was estimated at HK$ 39.6 billion, showing a rise of 8.5 percent year-on-year. In terms of volume, the total retail sales increased by 9 percent year-on-year during the month, the data showed.
 
The total retail sales grew by 6.3 percent year-on-year in value and 5.9 percent year-on-year by volume in October 2013, according to the revised estimate for the month released by the C&SD.
 
From January to November 2013, the total retail sales in Hong Kong increased by 11.6 percent in value and 11.1 percent in volume over the same period a year earlier.
 
Based on a seasonally adjusted series, the volume of total retail sales increased slightly by 0.2 percent in the three months ending November 2013, compared with the preceding three-month period, the C&SD said in a press release. 
 
The total retail sales cover consumer spending on goods but not on services. Moreover, they include spending on goods by visitors in Hong Kong but not by Hong Kong residents outside Hong Kong.  
 
A Hong Kong Government spokesperson noted that retail sales picked up to show a faster year-on-year growth in November 2013, largely thanks to the positive consumer sentiment and further expansion of inbound tourism.
 
The spokesperson added that looking ahead, the stable job and income conditions and sustained growth of inbound tourism should continue to support the retail business in the near term. 
 
“However, we need to closely monitor the external economic developments, which may affect consumer sentiment and hence retail business down the road,” the spokesperson added.
 

Fibre2fashion News Desk - India


Must ReadView All

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Textiles | On 20th Apr 2018

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Vietnam earned $7.339 billion from textile and garment exports in the ...

Uganda yet to exploit AGOA benefits: US envoy Malac

Apparel/Garments | On 20th Apr 2018

Uganda yet to exploit AGOA benefits: US envoy Malac

Uganda is yet to take full advantage of the Africa Growth and...

Courtesy: KBR, Inc

Textiles | On 20th Apr 2018

KBR completes KPIC’s ethylene plant revamp project

KBR, Inc. has successfully completed the ethylene plant revamp...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search